Egypt’s Petroject revenues rise to $1.5 billion in 2018

Egyptian Petroleum Projects and Technical Consultations Company’s (Petrojet) revenues went up by 12 percent to reach 26.5 billion Egyptian pounds ($1.5 billion) during 2018.

The company made these remarks during its general assembly meeting, under Petroleum Minister Tarek el-Molla, to endorse the performance report for 2018.

In a statement on Thursday, Molla stressed the fundamental role played by petroleum companies in implementing petroleum projects and shoring up the country’s economy.

Speaking at the meeting, Petrojet’s chairman Walid Lotfi said that his company managed to achieve a number of distinguished projects in 2018.

Lotif cited the development project of the Middle East Oil Refinery (MIDOR)’s lab, the construction of a dry cast plant inside El Adabiya port in Suez, the Ahmed Hamdi Tunnel II in Suez, the Nooros gas line (Nidoco southwest-3) and other important projects.

As for the firm’s projects outside Egypt, he cited Siba Central Processing Facilities (CPF) in Iraq, and the Engineering, Procurement and Construction of a 220-Km gas pipeline from Saih Nihayda to Duqm Economic Zone in Oman.

Source: MENA